Trade rationale

Other – Study mentioned in Notes Below

Price has remained above the 25MA of High also has closed convincing above the weekly 25 MA of Close .....Was one of the stocks that stayed positive inspite Nifty being down on 05/03/2021.... Prev high Surpassed ..... RSI in the Bullish Zone and crossing overbought zone indicating strength in momentum ..... Additional confirmation by MACS..... 1:2.5 RR ..... SL @ 1930 TGt 2950